By Sam Goldfarb
Alphabet is gearing up to sell bonds that won't come due for a century, as it becomes the second big tech company to tap the bond market this year after Oracle issued $25 billion of debt a week ago.
The Google parent plans to sell debt in dollars, British pounds and Swiss francs with varying maturities, according to an investor familiar with the matter. That will include debt with maturities of three to 100 years for the sterling debt, and of three to 25 years for the Swiss francs.
The dollar bonds will likely total about $15 billion, the investor said. Final deal sizes could change depending on demand.
Alphabet and Oracle are among a handful of tech companies that have started borrowing heavily to fund massive investments in artificial-intelligence infrastructure. As recently as March, Alphabet reported less than $11 billion in total long-term debt.
The issuance spree has generally pushed up their borrowing costs, but has had little impact on the overall bond market. The average extra yield investors demand to hold investment-grade corporate bonds, compared to U.S. Treasurys, is near multidecade lows.
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(END) Dow Jones Newswires
February 09, 2026 10:55 ET (15:55 GMT)
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